Obama likely to escape campaign audit
The Federal Election Commission is unlikely to conduct a potentially
embarrassing audit of how Barack Obama raised and spent his presidential
campaign’s record-shattering windfall, despite allegations of questionable
donations and accounting that had the McCain campaign crying foul.
Adding insult to injury for Republicans: The FEC is obligated to
complete a rigorous audit of McCain’s campaign coffers, which will take
months, if not years, and cost McCain millions of dollars to defend.
For those of you who haven't been paying attention, Barack Obama raised millions of dollars on his website that had disabled the Address Verification System (AVS) used by most sites that handle credit card transactions. This allowed donors to easily contribute above FEC limits because the donor's name did not have to match the credit card holder. It also opened the door to completely untraceable donations via disposable “gift” credit card as well as donations from non-U.S. citizens.
Obama has refused to voluntarily release the names, addresses and employers of donors who gave less than $200 each. The McCain campaign released data on all of their donors.
This is only one example of the corruption, indoctination and smoke screens you can expect when followers of a single political ideology control or dominate:
- The POTUS
- The U.S. Senate
- The U.S. House of Representatives
- Federal Employees
- The Mainstream News Media
- The Entertainment Industry
- Educational Institutions
"Absolute power" is the most important news story of 2008/2009, but don't expect to find anyone in the MSM covering it. If you expect tranparency, fairness, and ethical behavior from the left, you're going to be disappointed.
2 comments:
Let's keep on eye on the stock market, all politicans corrupt.
Just look what Goerge Bush did to this economy.
tom, i have to agree in spirit with anon. my own ideology is down the center, mostly ala david brooks. having said that, i like your political posts. meaty, stuff that is page 16/for now, and the blog does keeps its eye on the mkt. fwiw, i tune in weekly to don coxe. he's optimistic of a bottom forming....but i hear pain, an earnest need to console/apologize for not seeing the depths of this retreat, and likelihood of retesting bottoms. yin-yang. the darkness is that forced liquidation continues by pension funds holding hedge funds that are also liquidating. these hedge funds sold a lot of crap to institutions that used to know better. makes me wonder if it got to the point that there is just not enough supply of equities and assets for the fund mgrs to "feel" diversified and getting the edge all at the same time. they reached too far. the light is that monetary supply is so high that it must eventually make a difference, perhaps even months.jasper
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